UNC raises $192.5 million in fiscal 2005

The University of North Carolina at Chapel Hill raised a record $192.5 million in cash and assets received in the fiscal year ended June 30.

Adding in pledges and deferred gifts, the school raised $244.8 million in fiscal 2005.

That brings the total raised for the school’s Carolina First campaign to $1.5 billion, ahead of schedule with 84 percent of its $1.8 billion goal committed after 75 percent of the allotted time for the campaign has elapsed.

The campaign, co-chaired by Paul Fulton, Mike Overlock and Charlie Shaffer, began in 1999 and is scheduled to end June 30, 2007.

To date, Carolina alumni have given almost $582 million, and foundations and corporations have given $571 million, with the balance contributed by other groups and supporters of the school.

So far, funds raised have created 148 professorships, more than 500 scholarships and fellowships and boosted the university’s endowment by more than $600,000.

The campaign will support a variety of initiatives, the school says, including creating a genetics research center, adding classrooms and faculty offices and renovating Memorial Hall, the school’s performing arts facility.

A $3 million gift from Charlie Loudermilk, CEO of Aaron Rents, will enhance executive education facilities at the Kenan-Flagler Business School, while a $7.1 million gift from the Triad Foundation in Ithaca, N.Y., will help create the Roy H. Park Fellowship program in the journalism school.

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